Shares of JP Morgan Chase & Co. (JPM) are up .37 to 50.57 today.? JPM is trading near a 52-week high.
Today paper rolled the JPM Mar 48 calls to the Apr 50 on a 5,000 by 7,000 contract ratio for 2.48 and 1.51.? The average contract volume is over 119,000 contracts per day in the name.? Open interest is over 30,000 contracts on both strikes.? The implied volatility is down in April.
The trade looks like a roll where the customer is buying April since the size is growing in the second month.
30-day implied volatility is 19%.? 10-day implied volatility is 25%.? 30-day implied volatility is trading below the 10-day historical volatility.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company.